Finance
Liquid Mercury Partners with GFO-X to Provide RFQ Platform for Trading Crypto Derivatives
Home > Finance > Liquid Mercury Partners with GFO-X to Provide RFQ Platform for Trading Crypto Derivatives
Global Banking & Finance Review®
Company
Chicago, United States, April 17th, 2024, Chainwire
Chicago, United States, April 17th, 2024, Chainwire
Liquid Mercury, a leading crypto trading technology provider, announced today that it is providing a request for quote (RFQ) platform to GFO-X, the UK’s first regulated and centrally cleared trading venue dedicated to digital assets derivatives. Institutional traders will be able to source deep liquidity for trading listed options and futures contracts in large trade sizes that can be transacted as single-leg or complex, multi-leg strategies.
Liquid Mercury’s institutional-grade platform combined with GFO-X’s regulated derivatives marketplace provides a secure and efficient trading environment for institutional trading firms and professional investors. This technology allows market participants to manage digital asset exposure and hedge underlying portfolio risks.
Liquidity providers can provide two-sided quotes in response to RFQs generated by hedge funds, asset managers, and other buy-side participants initiated from Liquid Mercury’s professional-grade trading interface or FIX and web socket APIs. Trades will print on GFO-X’s exchange and be cleared through a GFO-X general clearing member at LCH SA, LCH Group’s continental Europe clearing house and part of the largest and most sophisticated clearing services in financial markets. Brokers will also use Liquid Mercury’s platform to intermediate trades between buyers and sellers in order to cross-block trades on GFO-X’s exchange and conduct other sell-side trading workflows.
“Looking at the equity derivatives market, where the growth in number of options exchanges has fueled the growth in trading participants, added more liquidity in the market, and driven record volumes of contracts traded, I see GFO-X’s entrance into crypto derivatives as a key development for a more vibrant exchange landscape. This is a prime opportunity to grow the entire crypto options market,” said Liquid Mercury CEO, Tony Saliba. “In addition to providing the technology solution that will power GFO-X’s block liquidity network, Liquid Mercury will be operating as a strategic partner, introducing our clients and broad network of traditional market players as new participants to GFO-X’s exchange.” “We chose Liquid Mercury as a partner due to the team’s pedigree in building successful technology-focused franchises in traditional markets, combined with a track record of delivering institutional-grade solutions to the professional crypto trading community,” said GFO-X CEO, Arnab Sen. “Our shared vision of a regulated derivatives market that is purpose-built for digital assets using the best market standards and technology from traditional finance underpins what we expect to be a long and very fruitful strategic partnership.”
For more information about Liquid Mercury’s suite of crypto trading technology solutions, users can visit www.liquidmercury.com.
About Liquid Mercury
Liquid Mercury powers professional crypto trading. Liquid Mercury is the #1 choice for sophisticated buy-side and institutional sell-side legacy trading professionals moving into crypto. Institutional grade infrastructure, access to deep liquidity, and best-in-class trading tools and workflow automation; Liquid Mercury was built by professionals for professionals. For more information about Liquid Mercury, visit www.liquidmercury.com.
About GFO-X
Global Futures and Options Ltd (GFO-X) is the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives. UK FCA authorised and regulated, GFO-X is connected to the world’s largest financial institutions and has partnered with leading clearing house LCH SA, solving for counterparty and credit risk.
GFO-X services the significant unmet need of large global institutional participants who require a highly regulated, institutional-grade trading venue for digital asset derivatives.
GFO-X’s mission is to deliver enhanced liquidity, institutional connectivity and risk mitigation through high-performance technology and optimized contract specifications.
Further information can be found at www.gfo-x.com
Chief Commercial Officer
Ryan Hansen
Liquid Mercury
team@liquidmercury.com
An RFQ (Request for Quote) platform allows traders to request price quotes for financial instruments, facilitating the trading process by enabling price discovery and liquidity.
Crypto derivatives are financial contracts whose value is derived from the price of cryptocurrencies. They allow traders to speculate on price movements without owning the underlying assets.
Institutional trading refers to the buying and selling of securities by large organizations, such as banks, mutual funds, and pension funds, often involving significant amounts of capital.
Liquidity refers to the ease with which an asset can be bought or sold in the market without affecting its price. High liquidity means assets can be traded quickly and with minimal price changes.
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